‎GAC approves Tahweel’s acquisition of Al-Rowad: Tasnee

‎GAC approves Tahweel’s acquisition of Al-Rowad: Tasnee ‎GAC approves Tahweel’s acquisition of Al-Rowad: Tasnee

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Tasnee and Tahweel entered into an agreement in March

National Industrialization Co. (Tasnee) announced the no-objection from the General Authority for Competition (GAC) for Tahweel Holding to fully acquire Al-Rowad Industrial Transformation Co.

The acquisition remains subject to customary adjustments under the agreement, Tasnee said in a statement to Tadawul, adding that both parties will continue to fulfil the terms and ensure regulatory approvals.

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Tasnee signed on March 1 an agreement to sell its entire stake in Al-Rowad Industrial to Tahweel for SAR 700 million, Argaam earlier reported.

Al-Rowad Industrial comprises a group of companies, including Al-Rowad Global Packaging Company Ltd., Taldeen Plastic Solutions, Al-Rowad National Plastic Company Ltd., Al-Rowad International Industrial Films Company Ltd. and Al-Rowad United Marketing.

 

Tasnee and Tahweel entered into an agreement in March

National Industrialization Co. (Tasnee) announced the no-objection from the General Authority for Competition (GAC) for Tahweel Holding to fully acquire Al-Rowad Industrial Transformation Co.

The acquisition remains subject to customary adjustments under the agreement, Tasnee said in a statement to Tadawul, adding that both parties will continue to fulfil the terms and ensure regulatory approvals.

Tasnee signed on March 1 an agreement to sell its entire stake in Al-Rowad Industrial to Tahweel for SAR 700 million, Argaam earlier reported.

Al-Rowad Industrial comprises a group of companies, including Al-Rowad Global Packaging Company Ltd., Taldeen Plastic Solutions, Al-Rowad National Plastic Company Ltd., Al-Rowad International Industrial Films Company Ltd. and Al-Rowad United Marketing.

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